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SBI Card
PhonePe SBI Card PURPLE
RuPay
PhonePe SBI Card PURPLE
SBI and PhonePe's 2025 entry-level co-brand card rewards essential PhonePe app spends and everyday online shopping, with the joining fee clawed back as a PhonePe voucher — a reasonable pick for heavy PhonePe users but unremarkable outside that ecosystem.
Rates and fees last verified 15 July 2026.
Annual fee
₹499
Joining fee
₹499
Reward type
points
Base reward rate
1%
Card network
RuPay
Card tier
Entry
Benefits by category
- 🛍️ Shopping
5% reward rate
- ⛽ Fuel
1% fuel surcharge waiver on transactions between ₹500 and ₹4,000
- 🌍 Forex / international spend
3.5% forex markup on international transactions
Eligibility
- Minimum credit score: 700
- Minimum monthly income: ₹15,000
- Employment: salaried, self-employed
- Age: 21–70
Benefits
- Joining fee fully refunded as a PhonePe e-gift voucher after the first transaction
- ₹3,000 travel voucher on ₹3,00,000 annual spend
- 1% fuel surcharge waiver on transactions between ₹500 and ₹4,000
Pros
- + Joining fee refunded as a PhonePe voucher
- + Accelerated rewards on PhonePe app transactions
- + Achievable ₹1L waiver threshold
Cons
- − No lounge access on the base variant
- − Elevated rewards mostly limited to the PhonePe app
- − Standard 3.5% forex markup